🔹 Adjusted EPS: $3.59 (Est. $3.42) 🟢
🔹 Revenue: $17.7B (Est. $17.2B) 🟢; UP +9% YoY
🔸 New Bookings: $18.7B (+1% YoY)
FY25 Guidance:
🔹 Revenue Growth: +4%-7% YoY (Prev. +3%-6%) 🟢
🔹 Adjusted EPS: $12.43-$12.79 (Est. $12.70) 🟡
🔹 Operating Margin: 15.6%-15.8% (+80-100 bps YoY)
🔹 Free Cash Flow: $8.8B-$9.5B
Q2 Guidance:
🔹 Revenue: $16.2B-$16.8B (Est. $16.62B) 🟡; +5% to +9% YoY
Key Q1 Metrics:
🔸 GAAP Operating Margin: 16.7% (vs. 15.8% YoY) 🟢
🔸 New Bookings: $18.7B (+1% YoY):
- Consulting: $9.22B
- Managed Services: $9.48B
- Generative AI: $1.2B (vs. $1.0B last quarter)
Q1 Segment Highlights:
🔸 Consulting Revenue: $9.05B (+7% YoY)
🔸 Managed Services Revenue: $8.64B (+11% YoY)
Q1 Geographic Breakdown:
🔹 Americas: $8.73B (+9% USD, +11% LC)
🔹 EMEA: $6.41B (+10% USD, +6% LC)
🔹 Asia Pacific: $2.54B (+6% USD, +4% LC)
Q1 Industry Performance:
🔹 Health & Public Service: $3.81B (+12% YoY)
🔹 Products: $5.43B (+10% YoY)
🔹 Financial Services: $3.17B (+4% YoY)
Capital Returns:
🔹 Quarterly dividend of $1.48/share (+15% YoY).
🔹 Share repurchases: $898M in Q1, with $5.9B remaining authorized.
CEO Julie Sweet's Commentary:
🔸 "Our strong start to FY25 reflects broad-based growth across markets, consulting, and managed services. Generative AI continues to drive momentum with $1.2B in new bookings this quarter."